Dominica: Maize Market 2020

Maize Market Size in Dominica

The revenue of the maize market in Dominica amounted to $X in 2018, coming down by -X% against the previous year. In general, maize consumption continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. In that year, the maize market reached its peak level of $X. From 2016 to 2018, the growth of the maize market remained at a somewhat lower figure.

Maize Production in Dominica

In value terms, maize production totaled $X in 2018 estimated in export prices. In general, maize production continues to indicate a slight decline. The growth pace was the most rapid in 2015 when production volume increased by X% against the previous year. In that year, maize production reached its peak level of $X. From 2016 to 2018, maize production growth remained at a somewhat lower figure.

In 2018, the average yield of maize in Dominica amounted to X ton per ha, jumping by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2011 when yield increased by X% against the previous year. In that year, the maize yield attained its peak level of X ton per ha. From 2012 to 2018, the growth of the maize yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of maize in Dominica amounted to X ha, falling by -X% against the previous year. In general, the maize harvested area continues to indicate a temperate deduction. The most prominent rate of growth was recorded in 2012 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to maize production attained its maximum at X ha in 2007; however, from 2008 to 2018, harvested area remained at a lower figure.

Maize Exports

Exports by Country

The U.S. was the major exporting country with an export of about X tons, which resulted at X% of total exports. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Argentina (X%) and Ukraine (X%). The following exporters - France (X tons), Russia (X tons) and Romania (X tons) - each accounted for an X% share of total exports.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Ukraine (+X%), Romania (+X%), Russia (+X%), Brazil (+X%), Argentina (+X%) and France (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of Brazil (+X p.p.), Ukraine (+X p.p.), the U.S. (+X p.p.), Argentina (+X p.p.), Romania (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest maize supplier from Dominica, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the maize export price in Dominica amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the maize export price continues to indicate a relatively flat trend pattern. Dominica export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the export price figures.

Maize Imports

Imports into Dominica

In 2018, the maize imports into Dominica totaled X tons, declining by -X% against the previous year. Over the period under review, maize imports continue to indicate a measured slump. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, maize imports attained their maximum at X tons in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, maize imports totaled $X in 2018. Overall, maize imports continue to indicate a deep shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. In that year, maize imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, Mexico (X tons) and Japan (X tons) were the main importers of maizeacross the globe, together making up X% of total imports. It was followed by South Korea (X tons), Vietnam (X tons), Spain (X tons), Iran (X tons) and Egypt (X tons), together generating a X% share of total imports. The Netherlands (X tons), Italy (X tons), Colombia (X tons), Saudi Arabia (X tons) and Taiwan, Chinese (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, the largest maize importing markets into Dominica were Mexico ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports. Vietnam, Spain, Iran, Egypt, the Netherlands, Italy, Colombia, Taiwan, Chinese, Saudi Arabia and Dominica lagged somewhat behind, together comprising a further X terms of the main importing countries, Vietnam recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the maize import price in Dominica amounted to $X per ton, waning by -X% against the previous year. In general, the maize import price continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. In that year, the import prices for maize attained their peak level of $X per ton, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform